A sub-penthouse in Rose Bay has sold for more than $20 million, setting a new suburb record at The Wintergarden apartment building.
Background of the Landmark Purchase
The sub-penthouse at The Wintergarden on New South Head Road achieved a price above $20 million. The property was guided at $18 million and sold through agents Julian Hasemer and Michael Pallier, while buyer’s agent Jeremy Bedwani secured the purchase.
The residence was previously owned by the late Evelyn Royal, who bought the apartment for $6.75 million in 2009. It was later redesigned by Alexander Michael.
Details of the Wintergarden Transaction
The 330sqm apartment features three bedrooms, three bathrooms and four car spaces. It includes formal and casual living and dining areas, a terrace, a wraparound balcony and level lift access to the secured parking area.
The Wintergarden is a boutique eight-residence building on the former Wintergarden Theatre site. It includes manicured gardens, a harbourfront pool retreat and direct access to Rose Bay Beach. Its position offers 180-degree northerly harbour views and is within walking distance of the Catalina restaurant and Rose Bay village.
Record Set for Rose Bay
The sale exceeds the previous Rose Bay apartment record of $14.7 million, achieved in August 2024 for a penthouse in the Opus building. The penthouse directly above the sub-penthouse was purchased for $11.25 million in 2020.
The two apartments share the same 330sqm layout. There is speculation about plans to combine both levels into a larger residence, noting that any structural alterations would require strata approval.
Wintergarden’s Position in the Local Market
The Wintergarden is known as a popular option for high-end downsizers due to its beachfront location, limited number of apartments and private amenities. The building’s history and views continue to draw interest from buyers seeking tightly held residences in Rose Bay.
Future Outlook for Rose Bay
With this sale establishing a new benchmark, Rose Bay now holds one of Sydney’s strongest apartment price results, reinforcing ongoing demand for rare waterfront properties in tightly held buildings.
Published 27-Nov-2025
